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Russia’s Milner Sets Up $3 Million Physics Prize, Vedomosti Says

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Aug. 1 (Bloomberg) -- Russian billionaire Yuri Milner founded an annual prize for advances in physics and allied fields with awards exceeding those of the Nobel Prize, Vedomosti said, citing a statement from Milner’s charity fund.

The Fundamental Physics Prize Foundation, the board of which includes Milner himself and Nobel Prize-winning physicist Steven Weinberg, will award a prize worth $3 million and give three others worth $100,000 each to young scientists, the newspaper reported.

To contact the reporter on this story: Marina Sysoyeva in Moscow at msysoyeva@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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